Big Obama contributor gets $433 million for bogus drugs with 180% profit

November 14, 2011 10:42


“A company controlled by a longtime political donor gets a no-bid contract to supply an experimental remedy for a threat that may not exist.” – LA Times

From LA times

EXCERPTS:

Senior officials have taken unusual steps to secure the contract for New York-based Siga Technologies Inc., whose controlling shareholder is billionaire Ronald O. Perelman, one of the world’s richest men and a longtime Democratic Party donor.

The price of approximately $255 per dose is well above what the government’s specialists had earlier said was reasonable, according to internal documents and interviews.

In an internal memo in March, Dr. Richard J. Hatchett, chief medical officer for HHS‘ biodefense preparedness unit, said Siga’s projected profit at that point was 180%, which he called “outrageous.”

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